The WSJ notes that several of the biggest banks (Bank of America, Deutsche Bank and Citigroup) are lowering their net borrowings in the “repo” market by 41% at the ends of each quarter tomake their balance sheet look better for Q reports.
Highlighted blue bars of top graphic indicate the end of each quarter.
>
click for interactive graphic
All data via the Federal Reserve
>
Source:
BofA, Citi Made ‘Repos’ Errors
MICHAEL RAPOPORT
WSJ, MAY 27, 2010
http://online.wsj.com/article/SB10001424052748704032704575268902274399416.html
What's been said:
Discussions found on the web: